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The Spring Portfolio

The Spring Portfolio W1S 1YQ

Status: Sold

Date: 04 August, 2021

Type: Industrial

The Spring Portfolio

In August 2021, Joiner Cummings acted on the sale of The Spring Portfolio on behalf of an institutional fund.

  • Four freehold multi-let industrial estates offering proven reversionary potential and numerous asset management opportunities.
  • Central urban locations, which have exceptional population and economic growth expectations within 5 years.
  • Total floor area (GIA) of 624,300 sq ft spread across 42 units.
  • Let to 29 tenants, comprising a diverse and secure income stream including many well-known national covenants: Royal Mail, Screwfix, Howdens, and Topps Tiles. 
  • Rent collection in excess of 95% since March 2020.
  • WAULT of 5.86 years to lease expiry (4.75 years to break).